We are reminded that even in chaotic times, business marches on. Today, the Board of Directors of Southern Michigan Bancorp, Inc. has declared a quarterly dividend of $0.23 per share on the outstanding shares of the corporation’s stock. That dividend is payable on April 24, 2020 to shareholders of record April 10, 2020. The annualized cash dividend of $0.92 per share represents a 3.54-percent dividend yield based on the current market price of $26.00 per share.
Southern Michigan Bancorp, Inc. is a bank holding company and the parent company of Southern Michigan Bank & Trust. It operates 13 branches within Branch, Calhoun, Hillsdale, Kalamazoo and St. Joseph Counties, providing a broad range of consumer, business and wealth management services throughout the region. For more information, you can visit the Southern Michigan Bank & Trust website at this link: http://www.smb-t.com
